NORWALK, Conn.--14 January 2011-- GE Capital, Corporate Finance today announced it is administrative agent on a $150 million asset-based revolving credit facility for ArchBrook Laguna, an electronics and computer products distributor. The loan refinances and increases an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as sole lead arranger. GE Capital, Commercial Distribution Finance also provides the company with inventory financing.
NORWALK, CT-- December 21, 2010 --- GE Capital, Restructuring Finance today announced it is administrative agent for a $200 million debtor-in-possession (DIP) credit facility and a $175 million plan of reorganization (POR) credit facility for Vertis Holdings, Inc., a leading marketing communications company. The financing supports the company's recapitalization under a voluntary pre-packaged Chapter 11 filing and its emergence. GE Capital Markets served as joint lead arranger for the DIP and lead arranger for the POR.
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NORWALK, Conn.--23 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $200 million asset-based credit facility to International Automotive Components Group North America, Inc. (IAC), a leading global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--18 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $120 million asset-based credit facility to Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products. The loan refinances an existing credit facility and will be used to support working capital needs. GE Capital Markets served as co-lead arranger. GE also provides the company with equipment lease financing.
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NORWALK, Conn.--12 October 2010-- GE Capital, Restructuring Finance today announced it is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint lead arranger.
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NORWALK, Conn.--01 October 2010-- GE Capital, Corporate Finance today announced it is agent for a $40 million cash flow revolving credit facility to Planet Fitness, a leading fitness center owner, operator and franchisor. The financing will be used for working and growth capital and the facility may be increased to $50 million under certain conditions. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--23 September 2010-- GE Capital, Corporate Finance today announced it is administrative agent for a $53 million cash flow credit facility to Portola Packaging, Inc., a leading designer, manufacturer and marketer of tamper-evident plastic closures. The loan supports the company's recapitalization. GE Capital Markets served as lead arranger.
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NORWALK, Conn.--08 September 2010-- GE Capital, Corporate Finance today announced it is agent for a C$300 million asset-based credit facility to Evraz Inc. NA Canada, a steel plate and pipe manufacturer. The loan will be used for working capital needs and other corporate purposes. GE Capital Markets served as joint lead arranger.
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GE Capital has been a lender to Golfsmith, a 40-year-old seller of golf and tennis equipment, apparel and accessories, since 2002.
NORWALK, CT --- GE Capital today announced it is providing a four-year extension of its $90 million asset-based revolving credit facility to Golfsmith (NASDAQ: GOLF), a specialty retailer. GE Capital has been a lender to Golfsmith since 2002.